Published September 1999 | Version Submitted
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Equilibrium Equivalence with J Candidates and N Voters

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Abstract

In this paper, we examine the incentives facing candidates in the spatial voting model. We assume that voters' types are independent, but allow for nonidentical distributions across voters. Examining candidate positional equilibria as a function of voter behavior, we find that what we term p-symmetric strict p-local equilibria when candidates maximize expected plurality are also strict p-local equilibris when candidates maximize probability of victory. This result holds for arbitrary numbers of candidates and voters. We also show that, for generic type distributions, interior p-asymmetric equilibria under maximization of expected vote share are not equilibria under maximization of probability of victory.

Additional Information

This research would not have been possible without the comments and encouragement of Richard McKelvey. The author thanks Jeff Banks, Fred Boehmke, Serena Guarnaschelli, and Tom Palfrey for advice and helpful discussions. The support of the Division of the Humanities and Social Sciences at the California Institute of Technology is also gratefully acknowledged.

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Eprint ID
80244
Resolver ID
CaltechAUTHORS:20170810-144525092

Funding

Caltech Division of Humanities and Social Sciences

Dates

Created
2017-08-10
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Updated
2019-10-03
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Caltech Custom Metadata

Caltech groups
Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
1069